The worlds richest countries a few are black or majority black run. Equatorial Guinea ;Virgin Islands ,Bermuda Cayman island.



African nation EQUATORIAL GUINEA is the world third richest . Equatorial Guinea has experienced rapid economic growth due to the discovery of large offshore oil reserves.
Economist.com

I going to Bump

they may be 'majority black' but is the economy of the country 'majority black'?

like are the oil companies all foreign? who owns the tourism economy? etc.. are the black people just consumers or creators of economy?

like isnt it a fact that most of the tourism economy in the carrib is in white hands.

Tourism money passes through than hands of everyone in the rich caribbean. The Majority to white investors but also to blacks . I don't know about Equatorial Guiena but its not shocking to see a rich black in the caribbean or Bermuda.

And do the majority of Africans in those countries also share in the countries apparent prosperity. Token blacks count for nothing in the scheme of things. The majority of big business in the Caribbean is in white hands. Bermuda/ Cayman Islands are practically American run. These are the richest present day colonies for European interest. You think its concidence that Mark Thatcher and his cronies wanted to invade Equatorial Guinea and "tek piece".

The average black in the rich caribbean don't livein anything close to poverty. You can find majority black areas with large homes and luxury cars. Cayman islands and bermuda might be in the hands of some white americans but many blacks have their share. I don't know about equatorial guienia.

These countries have native white at 12 33 and 3 percent yet you still have many rich blacks.

For instance, people are not surprise to see blacks in homes like this in the rich caribbean;





And I don't mean token blacks politicans etc. The 'average' home in the rich caribbean is smaller with out a pool.

Yes and to include Euqtorial Guniea/ Im sure you could find houses to blow your mind in exclusively black areas also// while the teeming mass of people are living under pressure. So what are you saying? Thats its ok and a source of pride for an elite of blacks/Africans within any foreign dominated economy..to be rich/ while the rest of people.. the average man/and woman/live in poverty?

I'm not even talking aboutr Africa. Most people in the rich caribbean live good lives. I don't mean like EG where only afew have money. I'm speaking about the 'average' person in the rich caribbean, there is a good percentage of upper middle class very wealth too .

Your not talking about Africa? Why mention Equtorial Guniae as the first country then?

For gods sake man ANY rich person anywhere in a rich part of a country / will live a good life. Its a pointless statement.

________________

If handled properly, it'll prompt firms to hire more blacks

10/19/2007 1:01:00 PM

The fact is that we have a mess on our hands - a society in which whites have disproportionate wealth, and because of their disproportionate positions in the higher-paying jobs, a disproportionate opportunity to keep and increase their disproportionate wealth.

Employers argue that it's not their fault. They say they are keen to hire black Bermudians if only there were qualified black Bermudians to hire.

This is met with scepticism by many, especially black college graduates who complain they return to Bermuda to find doors closed in their faces.

In a sense, the Workplace Equity Act is a way of tackling this opposing perception head-on.

It doesn't appear particularly onerous. It doesn't impose a strict quota system. It doesn't require any business to hire any particular number of blacks.

It simply requires a very limited range of businesses (those with over 40 employees) to make a serious attempt at correcting racial imbalances.

They will be required to set up policies to ensure black Bermudians achieve "a degree of representation in each occupational group in the employers' workforce that reflects their representation in the Bermuda labour force".

The only penalties mentioned are for refusing to cooperate: not for having a racially imbalanced workforce, or for failing to fix it, but for not trying to do something about it.

Isn't this what we're supposed to be doing anyway?

I'm confident that many businesses will work through the process and find they can do more to attract, keep and promote black Bermudians.

Social circles

It's not easy, and even the most sincere business will struggle for success.

It certainly stretches way beyond issues of qualification.

Generations of separation and distrust affect almost every aspect of our lives.

Blacks and whites in Bermuda often don't share the same social circles, for example, participate in the same sports, eat in the same restaurants, go to the same parties, attend the same schools and colleges or live in the same neighbourhoods or belong to the same clubs, or support the same charities.

They almost never have the same family connections.

This makes a profound difference in our ability to learn about jobs, successfully apply for them, and then work our way up the ladder of success.

Smaller businesses are likely to have greater difficulty in overcoming these challenges. Without trained human resource managers, they often rely on family, friendships, and social networks to recruit - and end up with staff that reflect the person who does the hiring.

Despite the improvements that businesses can make, though, there will be many times when the best efforts will produce little or no results: Qualified black Bermudians simply won't be found for the jobs.

When this happens, that shifts the burden back to the Government - and the people of Bermuda - to do a better job preparing Bermudians for working life.

Correcting racial imbalance is hard enough. Inadequate education that hurts black children most of all, and the assortment of other community and social dysfunctions, compound the problem countless times over.

We cannot afford school leavers who are unskilled and unmotivated.

If it is properly managed, the Workplace Equity Act should increase the confidence of Bermudians that Bermuda's economic system will treat them fairly.

The proposed act will not bring about any magical solutions. There are, sadly, no magical solutions available.

The proposed act is far from perfect.

Most notably, the proposal to give CURE (the Commission for Unity & Racial Equality) the power to go anywhere except private homes to search and copy business records is ridiculous and unnecessary. These kinds of intrusions should only be done by warrant, under court order, after all other efforts have failed.

But if the Government can assure Bermudians, and the business community, that it will not be heavy-handed or bullying, that it will manage the act with trained staff who are more keen to teach than to punish, it could be a useful step forward.

It will not change the world.

But if handled correctly, it could help persuade business to do better at hiring and promoting blacks... and help persuade Government to do a better job of ensuring we have the best-qualified Bermudians stepping forward to seize the opportunities

YOU compared EG to the caribbean. They were on the list but obviously the can be compared to the caribbean. Since most of the wealth in Africa stays in one place.

Not just Africa my friend. You think the Caribbean has a greater trickle down effect. I doubt it.

You version of Bermuda and the average black man being better off ( than who btw) doesnt square with anything I read on the net/ neither what Ive heard from Bermudans one who I worked with for a number of years.

Lets read some more about the place: It cant replace going there but can sure give an idea.

Will pursuing equality help Bermudians? - Telegraph

Will pursuing equality help Bermudians?
By Tim Hall, Bermuda
Last Updated: 12:01am GMT 19/12/2007

Have your say Read comments


Tony Black lives on the richest island on Earth. Today is a typical day: after driving a taxi for eight hours, he will head to a warehouse, where he has an evening job operating machinery. Late tonight, he will move on to his third job, as a nightclub bouncer. At weekends, Tony, 28, drives a truck.

Tony's story is not unusual. Bermuda has the highest GDP per capita in the world - 50 per cent higher than America's - and it has zero unemployment. Mega-wealthy Britons, among them actress Catherine Zeta Jones and insurance magnate John Charman, rub shoulders with even wealthier American tycoons such as Ross Perot and Michael Bloomberg. Meanwhile, the average black Bermudian takes two or three jobs just to make ends meet.

And the problem is worsening. The trappings of the super-rich are hard to miss - pastel-coloured mansions set among swaying palm trees; 100ft yachts moored in sheltered inlets. Meanwhile, a severe housing shortage has pushed the price of even a modest home way out of the average Bermudian's reach.

advertisementNow the issue of inequality has spawned a power struggle that some say risks destroying the tax haven's economy overnight. It adds up to a nervous time for the 4,000 British expats who call Bermuda home. Many are considering turning their backs on their high earnings and Caribbean lifestyle and are looking for somewhere else to take their business.

Britain's oldest colony, Bermuda has significant autonomy of government, although the British governor still has control of the police, military and aspects of the judiciary.

The crisis revolves around the island's premier, Dr Ewart Brown, whose Progressive Labour Party (PLP) is waging an aggressive campaign to improve the lot of black Bermudians. Dr Brown - who was expected to be re-elected in the general election yesterday - has drafted laws allowing government inspectors to enter the offices of global firms and to fine them if they do not employ enough black workers or promote them to enough senior positions. Such measures have won strong support among the grass-roots. Of the island's 42,000 Bermudians, 70 per cent are black, the vast majority of whom were expected to vote for the PLP.

However, global reinsurance firms such as Lloyd's of London, ACE, and XL Capital - which produce 80 per cent of the island's wealth - are wondering if they would be more welcome elsewhere.

Sir John Swan, who was premier for 13 years and who signed tax treaties during the 1980s that helped lure much of the business to the island, recently compared the government's tactics to "Gestapo measures". Sir John said that while Bermuda is obsessing over race, the rest of the world is forging ahead. He said: "It's like the Titanic is sinking, and we know it, and all we're doing is running around rearranging the deck chairs."

Sir John pointed to historic precedents in the Bahamas, Antigua and Guyana, where bad political decisions made big business get up and leave overnight.

Raising tensions still further, Dr Brown and the PLP are attempting to win re-election using racially charged rhetoric - including allusions to slavery. A close Brown ally, Lovitta Foggo, recently said of the opposition United Bermuda Party (UBP), which draws most of its support from the white community: "A UBP vote is a vote back to the plantation. It is a vote that will return the shackles to our feet."

Such language goes heavily against the usual atmosphere in Bermuda. Settled 400 years ago by the British - who later brought slaves from Africa and the Caribbean - the island has long lived with racial tension bubbling below the surface. However, Bermudians are renowned as among the most welcoming people on earth, and bad racial feeling is rarely seen on a personal level.

Now, many expats believe the island's atmosphere is changing. One Brit - who, like most executives, does not want to be named for fear of making matters worse - said: "My son got home and said: 'Dad, am I a racist?' My wife also feels like a lot of this talk is aimed at her. The people in charge are using race as a tool - to stir up political support. But if you are white - whether you are Bermudian, British or American - you can't help feeling you're not as welcome as you were. We are considering our future here, yes."

Social activists argue that a few dissatisfied foreign workers is a small price to pay if Dr Brown can cut black Bermudians a bigger slice of the pie. However, his unpleasant rhetoric - and lack of real substance to back it up - has left many black people just as nervous as whites.

Tony Black, who as a taxi driver is about as working-class as Bermudians get, should be a staunch PLP supporter. However, he said: "What have the PLP done for me? In nine years of government they haven't done anything. I'm a young black man who's still working four jobs. I still can't afford my own home. And some of the things Dr Brown is saying? I think he might just make things worse."